Corient Private Wealth LLC Trims Holdings in Everest Group, Ltd. (NYSE:EG)

Corient Private Wealth LLC reduced its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,342 shares of the company's stock after selling 1,954 shares during the period. Corient Private Wealth LLC owned approximately 0.06% of Everest Group worth $9,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Gitterman Wealth Management LLC purchased a new stake in shares of Everest Group in the 4th quarter valued at approximately $308,000. Natixis Advisors LLC raised its stake in shares of Everest Group by 12.0% in the 4th quarter. Natixis Advisors LLC now owns 29,566 shares of the company's stock valued at $10,716,000 after acquiring an additional 3,156 shares during the period. Catalyst Funds Management Pty Ltd raised its stake in shares of Everest Group by 600.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 1,400 shares of the company's stock valued at $507,000 after acquiring an additional 1,200 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Everest Group by 25.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company's stock valued at $4,369,000 after acquiring an additional 2,438 shares during the period. Finally, Achmea Investment Management B.V. raised its stake in shares of Everest Group by 11.7% in the 4th quarter. Achmea Investment Management B.V. now owns 4,111 shares of the company's stock valued at $1,490,000 after acquiring an additional 432 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the transaction, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Everest Group Stock Down 0.5 %

Shares of EG stock traded down $1.61 during trading on Friday, reaching $353.19. The company's stock had a trading volume of 1,348,612 shares, compared to its average volume of 350,780. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.24 and a beta of 0.61. The stock's 50-day moving average price is $350.90 and its 200 day moving average price is $367.27.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. On average, research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

Analyst Upgrades and Downgrades

EG has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their price target on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Jefferies Financial Group cut shares of Everest Group from a "buy" rating to a "hold" rating and lifted their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $416.50.

Everest Group Profile

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.